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Turbo Tax - Deluxe or Premier
Old 04-04-2018, 08:53 AM   #1
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Turbo Tax - Deluxe or Premier

OK -so, Iím a bit late ;-)

Have always used Deluxe ...no major issues.

Have a few rental properties, couple of types of income, stocks, bonds, and mutual funds.

The write up for Deluxe has always been absent much discussion on rental properties, but it worked just fine doing depr citation schedules and forms.

The Premier version talks up handling rental properties.

Anyone done their rentals for 2017 with Deluxe?
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Old 04-04-2018, 09:23 AM   #2
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If you have an LLC, I think you need Premier to handle K-1"s.
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Old 04-04-2018, 09:26 AM   #3
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Sorry - forgot that part.

No LLC.
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Old 04-04-2018, 10:33 AM   #4
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I have used TT Deluxe for years. Worked when I had a rental property and also works for my single member LLC. Have had a variety of K-1's over the years and it works with them as well.
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Old 04-04-2018, 11:45 AM   #5
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Yes, I do too different returns that include rental property on Schedule E with Deluxe... no problem.
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Old 04-04-2018, 12:08 PM   #6
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Premier helps for the drudgery of dealing with ESPP, NQSO or ISO options. It can be done on Deluxe with some hand twiddling, but I prefer to just let Premier handle it.

Otherwise, not sure it is very useful. I'll probably drop back to Deluxe once I'm retired.
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Old 04-10-2018, 08:19 AM   #7
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Gah - so, now, I can’t even find a Deluxe version with state at the local places with their normal discount.

Fidelity has a $20 off, but it doesn’t look like it has state ...

Any suggestions?
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Old 04-10-2018, 08:23 AM   #8
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Originally Posted by stephenson View Post
Gah - so, now, I can’t even find a Deluxe version with state at the local places with their normal discount.

Fidelity has a $20 off, but it doesn’t look like it has state ...

Any suggestions?
Costco prices are pretty good (with additional discounts earlier), but retailers know that anyone buying this late probably can't shop around. Good luck!

https://www.costco.com/CatalogSearch...yword=turbotax
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Old 04-10-2018, 08:29 AM   #9
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OK - looks like I can just buy and download through Amazon - anyone done this before? $45 looks like best I’m gonna get.
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Old 04-10-2018, 08:38 AM   #10
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I often buy e versions of software from Amazon. Never a problem
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Old 04-10-2018, 09:54 AM   #11
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Switch to H&R Block and you will find it's cheaper every year.

I switched over a decade ago, both are similar and both work.
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Old 04-10-2018, 07:59 PM   #12
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OK - looks like I can just buy and download through Amazon - anyone done this before? $45 looks like best Iím gonna get.


Yeah. Had to download some type of installer from the AMZN download center but otherwise worked fine. I think the online versions are cheaper but I prefer the laptop version.
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Old 04-10-2018, 11:02 PM   #13
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Sunset,

Does the HRB read the TT file format - did all forms and computations for things like rental property depreciation work ok?
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Old 04-11-2018, 12:13 AM   #14
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Sunset,

Does the HRB read the TT file format - did all forms and computations for things like rental property depreciation work ok?
Honestly with 6 days left to the filing deadline, if you are a TT user, I'd stick with it. Last thing you need is some hiccup and uncertainty in the software slowing you down.

I did my conversion when I had lots of time to work out issues.

My tax situation is: stock div's, capital gains L & S, stock option trades, interest, rental income, expenses and depreciations, self employment income and expenses, foreign tax credit.

The parts I think HRB should handle better is:
  1. foreign tax credit over $600 - it's automatic for under $600, but over and they want you fill out the form directly with little guidance.
  1. stock option reporting - it has you fill out the fields in a weird way, and should hide that by being able to select a radio button and fill the fields normally (like a stock buy and sell).
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Old 04-11-2018, 07:26 AM   #15
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Thanks, Sunset,

Good point ... especially given my luck yesterday -

Was going to download yesterday morning and found my 2017 MacBook Pro with a flashing question mark - after extensive troubleshooting, apparently the internal drive is no longer communicating with the computer side ....it goes in for repair tomorrow. Could be the solid state drive or wiring.

Will have to use wifeís device to get through this year.
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Old 04-11-2018, 01:09 PM   #16
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Thanks, Sunset,

Good point ... especially given my luck yesterday -

Was going to download yesterday morning and found my 2017 MacBook Pro with a flashing question mark - after extensive troubleshooting, apparently the internal drive is no longer communicating with the computer side ....it goes in for repair tomorrow. Could be the solid state drive or wiring.

Will have to use wifeís device to get through this year.

This happened to me and ended up causing a big headache. DS miraculously spilled a full glass of water on my laptop. It had last year's files. I hotswapped the drive to copy the files, but apparently I forgot the important .tax file and only copied the pdfs. Long story short, fat fingered not one but two things incorrectly and now the IRS has me in some security review process. Yay. At least it was DWs taxes, so she's not mad at me either. I blame it on sonny boy. Laptop never did fire again.
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Old 04-11-2018, 01:14 PM   #17
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DS miraculously spilled a full glass of water on my laptop.
Nothing miraculous about it.
I've spilled water, coffee, beer, even hot chocolate on my keyboard. It's not as hard as you might think!
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Old 04-11-2018, 05:33 PM   #18
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Just bought Deluxe plus one state through Amazon ...easy, fast download (30 seconds) ...unpackaged in a minute ...updated (30 seconds) ... another minute to unpack ...all done.

Picked up copy of last yearís tax return on hard drive (2 seconds ...)

Now the icky part.
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